Press Release:
DECEMBER 3, 2008

The company is rated 5th among the region's 50 fastest growing companies

Lawrenceville, NJ — December 3, 2008 — EPAM Systems, Inc. was honored as the 5th within the fifty fastest growing companies ranking of New Jersey businesses by NJBIZ, the state's weekly business journal. EPAM Systems (www.epam.com) is a leading provider of software engineering and IT Outsourcing (ITO) services with delivery centers in Central and Eastern Europe (CEE).

New Jersey and its vicinity is home to over 20 percent of the FORTUNE 500® company headquarters, with more than 1,100 multinational firms from over 40 nations. This region is often referred to as "the epicenter of the nation's largest business corridor." EPAM, founded and headquartered in Lawrenceville, has made the New Jersey's Finest list for the 3rd consecutive year, and was honored by NJBIZ on November 17th at their annual award ceremony.

"We are proud to be among the winners of this prestigious award. EPAM's technology expertise and global presence that help companies outsource critical IT needs in a timely and cost-effective manner — in our case, worldwide — have served us, and our clients, well. Congratulations to all the winners! We are committed to continue bringing value to our clients, while growing EPAM Systems in this difficult business environment," stated Arkadiy Dobkin, EPAM President and CEO.

About NJBIZ

NJBIZ, New Jersey's only weekly business journal covering the entire state, was founded in 1987. The publication has received numerous statewide and national awards including the 2006 Most Improved Award from the Alliance of Area Business Publications.

NJBIZ is owned by Journal Publications Inc., a multi title publishing and events company based in Harrisburg, Pennsylvania. www.njbiz.com

About EPAM Systems

Established in 1993, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe (CEE). Headquartered in the United States and serving clients worldwide, EPAM provides software development and IT related services through its more than 4,500 professionals deployed across client delivery centers in Russia, Belarus, Hungary, and Ukraine.

EPAM's core competencies include complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications and vertically oriented IT consulting services for global Fortune 2000 corporations.